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Rafter Shuts Down

Course materials provider Rafter has closed its doors, according to an announcement on the company’s website. Rafter provided textbooks and other course materials for millions of college and university students over the last 10 years.

The news comes as a surprise to many, as the company just last week partnered with Avila University to manage its course materials. Rafter offered little explanation as to why it is closing, citing a lack of time and resources to continue operations.

“For our small part, we sought ways to make books and other course materials – which are essential to the learning experience and the ability to earn a college degree – more affordable and accessible for every student. We worked hard. We dreamed big. And we are eternally grateful for the privilege we were given to learn from and serve this market,” according to the announcement. “In the end, we did not have the time or resources needed to complete what we started. We wish it were otherwise. But, with the unparalleled support of our partner schools, we together created something impactful with a shared vision that we hope continues.”